Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Education for Luxembourg
LUXCP100000GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.60
Year-over-Year Change
-62.46%
Date Range
1/1/1996 - 4/1/2025
Summary
The Consumer Price Index (CPI) for Education in Luxembourg measures changes in the prices paid by consumers for a basket of educational goods and services. This metric is a key indicator of inflation trends in the education sector, providing insights for policymakers and economists.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The CPI for Education in Luxembourg is part of the Harmonized Index of Consumer Prices (HICP), a comprehensive measure of consumer inflation used across the European Union. This index tracks the changing cost of a fixed basket of educational products and services, such as tuition fees, school supplies, and extracurricular activities.
Methodology
The data is collected through regular surveys of prices charged by educational institutions and retailers.
Historical Context
Policymakers use this CPI to assess the impact of inflation on household budgets and inform decisions on education funding and subsidies.
Key Facts
- The base year for the Luxembourg Education CPI is 2015.
- Education accounts for approximately 3.7% of the total consumer expenditure basket in Luxembourg.
- The Education CPI reached a record high of 106.58 in December 2022.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Education in Luxembourg measures changes in the prices paid by consumers for a basket of educational goods and services, such as tuition fees and school supplies.
Q: Why is this trend relevant for users or analysts?
A: This CPI provides important insights into inflation trends in the education sector, which is crucial information for policymakers, economists, and households when assessing the cost of living and budgeting for educational expenses.
Q: How is this data collected or calculated?
A: The data is collected through regular surveys of prices charged by educational institutions and retailers in Luxembourg.
Q: How is this trend used in economic policy?
A: Policymakers use this CPI to assess the impact of inflation on household budgets and inform decisions on education funding and subsidies.
Q: Are there update delays or limitations?
A: The CPI for Education in Luxembourg is published monthly, with a typical release lag of around 2 weeks.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Education for Luxembourg (LUXCP100000GYM), retrieved from FRED.